Pensionfund Dsm Netherlands adds DTE Energy Co (DTE) to its portfolio

DTE Energy Co (DTE) : Pensionfund Dsm Netherlands added new position in DTE Energy Co during the most recent quarter end. The investment management firm now holds 40,000 shares of DTE Energy Co which is valued at $3,664,000 , the company said in a statement filed on Oct 12, 2016 with the SEC.DTE Energy Co makes up approximately 0.51% of Pensionfund Dsm Netherlands’s portfolio.

Other Hedge Funds, Including , Hexavest reduced its stake in DTE by selling 13,765 shares or 6.28% in the most recent quarter. The Hedge Fund company now holds 205,373 shares of DTE which is valued at $18,812,167. DTE Energy Co makes up approx 0.34% of Hexavest’s portfolio.Advisory Services Network boosted its stake in DTE in the latest quarter, The investment management firm added 2,108 additional shares and now holds a total of 5,347 shares of DTE Energy Co which is valued at $490,908. DTE Energy Co makes up approx 0.09% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in DTE by selling 11,277 shares or 18.5% in the most recent quarter. The Hedge Fund company now holds 49,665 shares of DTE which is valued at $4,560,240. DTE Energy Co makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.

DTE Energy Co closed down -0.75 points or -0.81% at $91.6 with 15,20,657 shares getting traded on Tuesday. Post opening the session at $92.16, the shares hit an intraday low of $91.4 and an intraday high of $92.29 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, DTE Energy Co reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.89. The company had revenue of $2262.00 million for the quarter, compared to analysts expectations of $2303.39 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.76 EPS.

DTE Energy Company (DTE) is an energy company. The Company’s other businesses are involved in natural gas pipelines gathering and storage power and industrial projects and energy marketing and trading operations. Its segments include Electric Gas Gas Storage and Pipelines Power and Industrial Projects Energy Trading and Corporate and Other. Its utility operations consist primarily of DTE Electric and DTE Gas. The Electric segment consists of DTE Electric which is engaged in the generation purchase distribution and sale of electricity to approximately 2.1 million customers in southeastern Michigan. The Gas segment consists of DTE Gas which is engaged in the purchase storage transportation distribution and sale of natural gas to approximately 1.2 million residential commercial and industrial customers throughout Michigan and the sale of gas storage and transportation capacity. Its Corporate and Other segment includes various holding company activities.

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